Private Sector Analogy
Let’s suppose that Warren Buffett were doing some succession planning. On Friday afternoon, he announced that if he were to die, a district manager for Borsheim’s Jewelry (one of his holdings) would take over as CEO.
If, as the weekend progressed, stories came out about questionable business practices and personal decisions by this district manager, what do you think would happen to Berkshire Hathaway’s $119,940/share stock price on Monday morning? How about at the shareholder meeting scheduled for the following Tuesday through Thursday? Would they revolt?
It depends. Is the district manager for Borsheim’s Jewelry a hottie who shoots guns ?
Aren’t they all?
LG, you sound pretty familiar with jewelry store workers, you elitist.
Reading this gives me a glimmer of hope that professional “journalists” are waking up fromthe Bush induced stupor.
I need to know more about the store:
Is there a sale on American flag lapel pins?
I think they would research delawareliberal.net to determine how they should react.
This analogy is pretty close to what actually happened at HP. The company lost half its value and the shareholders did revolt.
(not) coincidentally, Carly Fiorina is a McCain advisor and was on the VP shortlist. I suppose she still is on that shortlist.
IS that shortlist or sh*tlist?
I had the exact response as the anon above, re: Fiorina. HP decided that naming a woman as CEO would be thought well of in the PC way, and overlooked her obvious shortcomings.
To tie this in with the Noonan/Murphy comment – which I still haven’t listened to, ’cause I’m watching Bones – where is all this shoulda, coulda, woulda media groundswell for Kay Bailey Hutchison coming from? It’s weird. Duh, KBH may be experienced, but she’s old, and she’s a senator. Like we need two of them on the ticket?
The board of directors would fire her. If they didn’t the shareholders would fire the board and then elect a board that would fire her.